Advisory
Licensed Money Lenders Hougang
Small Loans, Big Solutions
Access extra cash when you need it the most from your online lending partner.
Short Term Loans
We offer the most flexible repayment terms you can meet with ease.
Money on Demand
Get your cash in less than 30 minutes after you signed your loan contract with us.
Trusted Transparency
From our online loan calculator to loan contract - we ensure no hidden charges!
Eligibility and Documents Needed
Loan applicant must be aged 21 years and above
Singapore Citizen or Permanent Resident
In employment
Eligibility and Documents Needed
- Identification Card (NRIC)
- Singpass Login
- Proof of billing ( Any latest bill indicating residential address)
- Latest 3 month original payslip (Only applicable if there is no cpf contribution)
- Letter of employment (Only applicable for new employment)
For Self Employed
- Identification Card (NRIC)
- Singpass Login
- Notice of assessment (NOA indicating trade income)
- ACRA (Accounting/Corporate Regulatory Authority)
- Proof of billing ( Any latest bill indicating residential address
For Taxi Drivers
- Identification Card (NRIC)
- Vocational license
- Taxi pass
- Min 7 days job summary
- Proof of billing ( Any latest bill indicating residential address)
Hougang
In the North-East Region of Singapore is where you can find Hougang. It is a mature residential town and planning area with the majority of Singapore’s population.
One factor why people decide to live here is the accessibility of shopping malls. As of this day, there are eight popular malls in town.
Also, there are many transport services available. Choose between a bus ride or a train ride.
On top of that, money lending institutions offer the best loan products and services. Residents get advice from the licensed moneylenders in Hougang.
Getting to Know Licensed Moneylenders in Hougang
Wait up! Before you sign up, read more about your chosen lender. There are many money lending facilities now available.
But, there’s a challenge of choosing the right one. Help yourself. Take note of the following characteristics.
Better than Credit Card Cash Advance
One of the latest features of credit cards is cash advance. Withdraw an amount of money for whatever payment you need. But there’s a trick hidden in there.
Did you know that credit card cash advance charges daily?
Yes, it does. The interest rate calculation is different compared to card swiping. Without knowing this, you’ll pay more than you actually should.
Beware of this sneaky tactic. It is better to apply for a payday loan from Hougang’s reputable money lending institutions. Most licensed moneylenders in Hougang have fixed interest, interest under the Moneylenders Act’s regulation. It saves you from paying more.
Besides, the personal loan application approves faster than credit cards. Do yourself a favour. Apply with trusted and reputable lending companies.
Lends a Safe Loan Amount
Did you know that every borrower has a loan amount limit? Yes, you have. It all depends on your citizenship and regular annual income.
Licensed moneylenders in Hougang abide by the law implemented by the Ministry of Law Singapore. They don’t promise any loan amount. Instead, they calculate how much you can take.
Don’t worry. It isn’t biased. The Credit Bureau is the basis of the computation; thus, it is centralised.
There are different ceiling loan amount, depending on your income status. As long as you qualify, you can get a loan from the lender.
Moneylenders in Hougang don’t limit their lending services to Singaporeans and Permanent Residents. They allow Ex-pats to borrow money as long as they meet the needed requirements.
Start Building a Healthy Credit Score
Licensed moneylenders in Hougang encourage borrowers for on-time payments. Why? Lenders grades you positively if you do this.
Aside from your loan amount payment, trusted lenders are concerned with your credit score. They don’t focus on earning more through interest. Instead, they are interested in building a positive credit score.
Always pay on time and start creating a healthy credit score. Do it for yourself. It’s because good payers favourably get a new loan faster in the future.
Licensed Money Lenders Hougang
Approves Loan for Zero Credit Borrowers
A credit ghost is what banks and money lending institutions fear the most. Why? Because there is no record of any loan under a borrower’s name. It means no credit history. There’s no payment behaviour.
But how can you build a score if no one will trust you? Luckily, licensed moneylenders in Hougang are considerate. This lender approves loans for first-time borrowers. They transform you from a zero credit borrower to a favourable credit score borrower.
Learn more about managing your score through money lending’s online loan services, which you can only find on the lender’s official website.
All that you need to know is at the tip of your fingertips. Check out all the information you need from the webpage. Contact them either by email or phone call. You deserve to know more before you leap—type in the search button the licensed moneylenders in Hougang.
Repayment Terms Offered by the Licensed Moneylenders in Hougang
Taking out a loan takes a lot of courage. You have to overcome how you can manage your finances. Accept the fact you need assistance from trusted lending companies. But, there’s more to it than applying for a loan.
Take note that loan officers also assess your repayment capability. So you have to budget your monthly financial responsibility plus your loan amount with interest. Choose a repayment term that fits you perfectly.
Weekly Term
The weekly repayment term means you settle your loan every seven days. This term is divided into three. It depends on how long you want your period to last.
Others prefer the weekly term, especially short-term loans like the low-interest personal loans. They get to manage their expectations better.
Bi-weekly Term
Bi-weekly repayment term is loan payment every two weeks. There are three more ways to repay a loan bi-weekly. It is based on when you plan to repay all the loan amount.
Typically, bi-weekly payers are payday loan borrowers. Especially if the salary is every 15 days, it fits best if your next paycheck is right around the corner.
Monthly Term
The monthly repayment term is a personal loan payment every 28 days. Post your following payment schedule in your calendar.
Some borrowers choose this to manage finances more. They have a long time to prepare the loan amount. Plot all your expenses. Know your priorities. This way, you can pay responsibly.
Also, check if your due date falls on a holiday. If it does, repay a day before the holiday. Also, contact your chosen lender if this happens.
Always consider your next paycheck. Is it near your loan due date? Will you avoid late repayment? Licensed moneylenders in Hougang remind their borrowers about the nearing due date. They help you avoid incurring late repayment fees.
Be knowledge equipped before applying for anything, especially when getting instant cash loans. It is a lot safer and secure—licensed moneylenders in Hougang value your money and privacy. Contact them immediately if there is any adjustment needed.
Related Article: What to Eat in Hougang: Feast in the East
